I have decided to end my ANGI short for the following reasons:
- This is my first short
- Stocks tend to go up
- I have made over 10% within less than 2 months
I learned quite a bit via the exercise, and am still extremely confident that Angie’s List will fail in the long term. Unfortunately, I cannot predict the short-term and believe the stock may have hit a floor. I will post again when I believe the stock is primed for another sell-off.